Org.nr 821 073 502 2022 → 2023 Year-over-year analysis

A. RANDEN TRANSPORT AS: årsregnskap 2023 vs 2022

Stronger earnings

approved 2024-06-05; registry 2024-06-22; journal 2024 507287

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for A. RANDEN TRANSPORT AS. Revenue 8.49m NOK → 8.50m NOK (+0.1%). Net result +51.7k NOK → +444.2k NOK. Equity 623.9k NOK → 68.1k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A. RANDEN TRANSPORT AS.

Scorecard

Revenue
8.49m NOK 8.50m NOK
+0.1%
Operating result
+147.5k NOK +502.3k NOK
+240.6%
Net result
+51.7k NOK +444.2k NOK
+758.8%
Equity
623.9k NOK 68.1k NOK
-89.1%
Cash
54.6k NOK 1.66m NOK
+2940.6%
Total assets
3.78m NOK 4.37m NOK
+15.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 8.49m NOK to 8.50m NOK (+0.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +147.5k NOK → +502.3k NOK (op. margin 1.7% → 5.9%). Calculated

  • ↑

    Net result improved

    Net result +51.7k NOK → +444.2k NOK (net margin 0.6% → 5.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 54.6k NOK → 1.66m NOK (+2940.6% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.42× → 1.42×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 623.9k NOK → 68.1k NOK (equity ratio 16.5% → 1.6%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 1.70m NOK → 1.08m NOK (-36.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 60.5k NOK → 322.2k NOK. Reported fact